Inflation Australia 2008
Average inflation: 4.3%
Current Inflation
Inflation is high at 4.3%, well above the ECB target.
Peak and Trough
The highest inflation was in August at 5.0%. The lowest inflation was in November at 3.7%.
- Highest month
- August: 5.0%
- Lowest month
- November: 3.7%
- Difference
- 1.3 percentage points
- Months with data
- 4 of 12
Historical Context
Current inflation is 1.3% higher than the 5-year average of 3.0%.
- 5-year average
- 3%
- 10-year average
- 3.1%
- All-time high (1989)
- 7.5%
- All-time low (1997)
- 0.2%
Trend
Inflation has remained relatively stable. Compared to 2007, the difference is minimal (+2.0 percentage point).
- Change vs. previous year
- +2.0 percentage points
- Largest monthly swing
- August: +3.2 percentage points
ECB Target
Inflation is 2.3% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €104.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| February | 4.3% | +1.8 |
| May | 4.4% | +2.3 |
| August | 5.0% | +3.2 |
| November | 3.7% | +0.8 |
| Average | 4.3% |
Data source
Data from OECD. Last updated: 24/11/2025.Not all months available yet.